Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Oregon > Portland
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-20-2015, 01:09 PM
 
Location: Portland, Oregon
2,515 posts, read 5,024,224 times
Reputation: 2924

Advertisements

Quote:
Originally Posted by SETabor View Post
I find 76 stations to generally charge more than neighboring stations.
That hasn't been my experience.

I check Portland Gas Prices - Find Cheap Gas Prices in Oregon regularly.

Their "heat map" is particularly useful; just enter your zipcode: Gas Price Heat Map - Portland Gas Prices
Reply With Quote Quick reply to this message

 
Old 01-20-2015, 01:13 PM
 
Location: Portland OR
2,661 posts, read 3,858,594 times
Reputation: 4881
Quote:
Originally Posted by wanderbygrace View Post
My feeling is that $1.75-2.00 is a fair price to pay for gas with its cost of extraction, refinery, shipment, taxes, overhead, and profit. Anything less or more isn't fair, IMO. $4.00 is ridiculous.

Speaking of ridiculous, the 76 station at Sunnyside and I-205 is insane. Charging SIGNIFICANTLY more than the regional average at all times (currently $2.73 when the average is about $2.19). And the owners have been called out on it, but say "I can charge whatever I want" (or something similar). Disgusting.
What is your solution?
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 01:57 PM
 
Location: Portland, OR
9,855 posts, read 11,930,564 times
Reputation: 10028
Quote:
Originally Posted by VTHokieFan View Post
Some stations in the metro area are reporting sub $2 prices now. Lowest is $1.89. A little too low if you ask me, but it wouldn't shock me if the metro averages around $2.50 for the year.
I am asking you... what do you mean by "too low"? Too low for who?
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 03:24 PM
 
Location: Portland
1,620 posts, read 2,300,350 times
Reputation: 1986
Safeway gas at Murray and Scholls Ferry is at $1.95.
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 03:32 PM
 
Location: The greatest state of them all, Oregon.
780 posts, read 1,577,090 times
Reputation: 478
Quote:
Originally Posted by ccjarider View Post
What is your solution?
For what?
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 04:43 PM
 
Location: Portland, OR
8,802 posts, read 8,897,466 times
Reputation: 4512
Quote:
Originally Posted by Leisesturm View Post
I am asking you... what do you mean by "too low"? Too low for who?
Too low for the true long-run equilibrium market price. Basically, some of these drillers are just going to close up shop since there's no money being made when oil prices are this low. This will cause a shift in the supply curve. Oil prices at this range just aren't sustainable. We're at a point where the marginal cost to drill exceeds the marginal revenue. That's when you start seeing some wells closing up shop.
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 05:06 PM
 
892 posts, read 1,592,898 times
Reputation: 648
And what's wrong with some of the wells closing up shop? When the price goes back up, they'll reopen.
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 05:14 PM
 
Location: Herriman, Utah
145 posts, read 203,850 times
Reputation: 171
I saw it today at $1.76, in the Salt Lake City area.
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 05:34 PM
 
Location: Portland, OR
8,802 posts, read 8,897,466 times
Reputation: 4512
Quote:
Originally Posted by SETabor View Post
And what's wrong with some of the wells closing up shop? When the price goes back up, they'll reopen.
It doesn't quite work that way. Start up costs are fixed.
Reply With Quote Quick reply to this message
 
Old 01-20-2015, 05:51 PM
 
892 posts, read 1,592,898 times
Reputation: 648
True. After you open a well, the costs are sunk but if you're not making money on the operation, you can suspend operations. Then if the costs make sense at a later time, you can reopen. The reopen costs will be lower than the start up costs but are an additional cost. Happens all the time.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Oregon > Portland

All times are GMT -6. The time now is 06:20 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top